Session 1 2018

CPA Information Session

Master of Accounting (CPA Program)*

Master of Advanced Professional Accounting

Information and Enrolment Session* Master of Accounting (CPA Extension) for students commencing prior to 2017

By Rajni Mala

Important Websites and Contact

Details

WEBSITESCPA Australia – www.cpaaustralia.com.au

Program guide to the Master of Accounting (CPA Program).

https://www.mq.edu.au/study/admissions/accept-and-enrol/fbe-program-guides

SUBMIT ON-LINE ENQUIRYBusiness & Economics Student Services – ask.mq.edu.au

PHONEBusiness & Economics Student Services – 9850 1050CPA Australia – 1300 73 73 73

Master of Accounting (CPA Program)

Program Structure

The MAcc (CPA Program) includes a 2 session full time MQ

structured component, while enrolled in the CPA program, aimed

to:

further study in professional accounting areas

further development and enhancement of

generic/professional skills, and job readiness

enhance chances of success in CPA exams by providing

study support obtain better grades in CPA exams

Structured to allow students wishing to remain in Australia to

complete CPA exams

Award of MAcc (CPA Program) after total study period 2 years

Master of Accounting (CPA Program)

Program Structure

Requires completion of the following core units before commencement of

CPA extension units

ACCG611 Principles of Accounting ACCG614 Business and Corporation Law ACST603 Principles of Finance ECON649 Economic Analysis

ACCG921 Managerial Accounting ACCG923 Accounting Standards and Practice ACCG926 Corporate Accounting ACCG927 Current Issues in Accounting and Corporate Governance orACCG835 International AccountingACCG950 Contemporary Accounting Practice ACCG924 Taxation Law orACCG925 Auditing and Assurance Services

Master of Accounting (CPA Program)

Program Structure

First session of CPA program (Session 1 2018)

ACCG913 CPA-Ethics and Governance ACCG907 CPA-Financial Reporting ACCG908 CPA-Strategic Management Accounting ACCG927-Current Issues in Accounting and Corporate

Governance or ACCG835-International Accounting

Second session (Session 2 2018)

ACCG903 CPA-Global Strategy and Leadership ACCG909 CPA- Advanced Taxation ( if you have done ACCG925) or ACCG904 – Advanced Audit & Assurance (if you have done

ACCG924) and ACCG905 - Financial Risk Management ACCG950-Contemporary Accounting Practice

Master of Advanced Professional

Accounting

This program is available to students who have completed a Bachelor

degree in accounting.

This program provides detailed support to students completing the CPA

program as well as advanced units in accounting.

Requires the completion of 6 CPA units as well.

Master of Advanced Professional Accounting

Session 1 2018 commencement

(Typical full time study sequence):

Session 1 2018

ACCG907 Financial Reporting and Disclosure

ACCG908 Strategic Management Accounting

ACCG913 Ethics and Governance

ACCG927-Current Issues in Accounting and Corporate Governance or

ACCG835-International Accounting

Session 2 2018

ACCG903 CPA-Global Strategy and Leadership ACCG909 CPA- Advanced Taxation or ACCG904 – Advanced Audit & Assurance or ACCG905 - Financial Risk Management ACCG950-Contemporary Accounting Practice

CPA Unit Structure

4 Compulsory units

ACCG907 FINANCIAL REPORTING AND DISCLOSURE

ACCG908 STRATEGIC MANAGEMENT ACCOUNTING

ACCG913 ETHICS AND GOVERNANCE

ACCG903 CPA-GLOBAL STRATEGY AND LEADERSHIP

2 units to be chosen from 3 elective units offered at MQ

ACCG904 CPA - ADVANCED AUDIT & ASSURANCE

ACCG909 CPA - ADVANCED TAXATION

ACCG905 CPA - FINANCIAL RISK MANAGEMENT

Subjects are valued at 4 credit points each

Master of Advanced Professional Accounting

Master of Accounting (CPA Program)

Assessment Structure

Assessment of CPA ACCG900 units

30% CPA Australia examination result

70% MU progressive assessment includes:100% attendance at all classes, that is attendance at weekly seminars

is compulsory

Group presentations, case studies, essays, on-line tests, client advice, report writing

Master of Advanced Professional Accounting

Master of Accounting (CPA Program)

Unit Structure

What will Macquarie University provide?• Extensive and full-time structured support for CPA examinations’

preparation• Continued development of your accounting education• Continuing development of communication and professional skills

within each unit

What is expected of you throughout the semester?Each MQ unit is studied concurrently with the equivalent CPA Australia unit.

In conjunction with your study for the CPA Australia exams you are expected to:

• Attend and participate in weekly seminars/lectures• Work independently on assessment tasks and CPA material• Meet with your group for preparation of group assignments

CPA Classes

MQ semester Session 1 classes commence 29 January 2018 (CPA start date) 4 weeks before MQ standard semester

CPA exam week commencing Saturday 14 April to Sunday 29 April

All MQ units break for the CPA Australia Exams and classes may continue after the completion of the CPA Exams

You must attend the classes you are registered in.

Attendance is compulsory.

Master of Accounting (CPA Program) and Master of Advanced

Professional Accounting - Enrolment Checklist

Please ensure your 3 CPA segments are the same as the units you are enrolled

in at Macquarie – check enrolled units on eStudent!!!

Important DatesDate Task to Complete

Thursday 19 October, 2017 Students attend the CPA Information Session.

From Thursday 19 October,

2017

Students submit a ‘CPA Unit Enrolment Form’ via AskMQ (ask.mq.edu.au) to request enrolment in CPA

units at Macquarie University.

From Thursday 19 October,

2017

Master of Accounting (CPA Extension/CPA Program) students who have not had a CPA assessment should

apply for membership online: https://www.cpaaustralia.com.au/become-a-cpa/how-to-apply

Monday 11 December, 2017

CPA Australia enrolment and exam scheduling opens.

Master of Advanced Professional Accounting students contact CPA Australia to enrol in CPA Program

(Professional).

Friday 15 December, 2017

MQ exam results released via eStudent.

Master of Accounting (CPA Extension/CPA Program)) students should contact CPA Australia to update their

academic status and arrange for enrolment.(Submit unofficial transcript to CPA Australia first so that you

do not miss out on the early bird enrolment, and then provide official transcript for review)

*Go to ‘My Results and Graduation” on your eStudent account, and click on ‘Email my Unofficial

Transcript’ to obtain an unofficial transcript.

*For instructions on how to apply for an official academic transcript, please refer to the University website.

http://www.students.mq.edu.au/student_admin/student_connect/transcript_request

From mid of January 2018 Students complete class registrations for Macquarie CPA units via eStudent.

Wednesday 17 January, 2018 CPA Australia early bird enrolment closing date.

Monday 29 January, 2018 CPA unit classes begin (4 week before standard Macquarie session).

Tuesday 30 January, 2018 CPA Australia final enrolment closing date.

CPA Australia Information

The CPA program is run by CPA Australia, and therefore is subject to their

rules and conditions.

Currently, to progress to CPA status you must:

complete the CPA Program segments of study

complete 3 years practical work experience in business, accounting or finance under the CPA ‘Mentor Program’

CPA Australia Information -

CPA Australia Enrolment

Students must submit their Membership Entry Pathways Assessment Application directly to CPA Australia. Applications are submitted online at:

http://www.cpaaustralia.com.au

Application and Enrolment fees are payable directly to CPA Australia for each segment that you enrol in.

See the CPA Australia website for application form and payment details.

Study materials and confirmation of enrolment should be received by early August when classes start. If not received by then, see CPA Program Guide, for whom to contact and their details.

CPA Australia Information -

CPA Content & Materials

Each segment includes a:printed study guide satchel of supplementary materials some include computer based learning material on CD

Texts/ResourcesMust have access to the CPA Australia HandbookAny other required material is listed in the Study Guide.

Required legislation may be accessed through the CPA Australia website link

Study guides contain:Self assessment questionsIn-text reflective questionsNumbered exercises with answersReview questions /case studies with answers

CPA Australia Information -

CPA Exam Assessment

Formal assessment for each segment is by a 3 hour and 15 minute ‘Open Book’

examination, with 5 minutes reading time. You will have the option of choosing a

paper based or computer based exam.

A full list of exam centres (computer and paper based) will be made available on

the CPA Australia website before enrolments open

Candidates to schedule their exam as soon as they enrol to get the best choice

of exam format, time and venue

A key benefit of computer exams is that candidates can choose an exam time

across the entire exam week

All segment study material is examinable including relevant aspects of the CPA

Members Handbook and legislation where advised

Possible grades are HD, D, C, P or F

The pass mark for each exam is based on an assessment of the required level

of proficiency and tends to be in the range of 55-65 per cent

CPA Australia Information -

CPA Exam Information

Students notified by mail of location and time

5 minutes reading time (no writing/marking paper).

Exams are based on the whole segmentincludes study guide, supplementary materials, prescribed texts and readings

(unless otherwise stated).

Specific details of the structure of exams are enclosed in the exam notification statement

Past exams are not available for viewing.

If a candidate fails, an analysis of results is provided

Self-assessment test questions and answers are indicative of the types of questions in the exam.

Determination of MQ final grades

MQ

(70

%)

CPA

(30%)

Overall

(MQ

Final

Grade)

Recommended Actions

Pass Pass Pass

Pass Fail Incomplete1 Re-enrol with CPA Australia

Pass FA FA Re-enrol with MQ and CPA

Australia

Fail Pass Fail Re-enrol with MQ

Fail Fail Fail Re-enrol with MQ and CPA

Australia

Fail FA FA Re-enrol with MQ and CPA

Australia

- If a student passed MQ component but failed the external CPA exam, an Incomplete grade will be

given. Student must re-enrol in the failed segment with CPA Australia in the following session.

CPA Australia allows students to enrol in a maximum of 3 segments per session.

• If a student has failed the same external CPA exam twice, the MQ Incomplete grade will be

changed to a Fail grade, and student will need to re-enrol with MQ and CPA Australia in the

following session.

• If the failed CPA exam is an elective, student has the option to change to another elective. Check

with FBE Student Admin at BESS for more details.

CPA Australia Information

CPA Internet Site

Required to have access to the Internet and e-mail

CPA web site is www.cpaaustralia.com.au

CPA Online provides a number of student services. You must be registered to access to CPA Online which is password protected. Username and password details are issued in the letter included in the study package

Student services online include CPA Program Forum

An interactive bulletin board where candidates can post questions and receiveanswers from CPA Technical Staff on technical matters

Exam tips and answers to frequently asked questions

Any up to date information

Thank You